Retail Investment with Dual Income Stream

Sale Details

Sold on 27 Nov 2017 for $2,500,000

Description

CVA Property Consultants are pleased to offer an exciting investment opportunity known as Tenancies 1-2 & 3-4, 269 Robinsons Road, Ravenhall via Deadline Sale NOW CLOSED.

Situated on a total site area of 2,224m2* the property accommodates 55 customer car spaces and a combined building area of 425m2*.

Providing an attractive combined rental income of $171,915.50 per annum net (from December 2017), the investment can be summarised as follows;

Tenancy 1-2 - R & Mannat Pty Ltd (Memories of India)
- Rental Return: $86,528.00 per annum net (from December 2017)
- Commencement Date: 14 December 2015
- Lease Term*: Six (6) + Five (5) years
- Reviews: 4% annually. Market review at option
- Building area: 217m2*

Tenancy 3-4- De Lacey Investments Pty Ltd (The Eating Station)
- Current Rental: $85,387.50 per annum net
- Commencement Date: 1 March 2016
- Lease Term: Ten (10) + Five (5) + Five (5) + Five (5) years
- Reviews: 3.5% annually. Market review at option
- Building area: 208m2*

The high profile site is located 22km* west of the Melbourne CBD at the entrance of Pellicano's Orbis Business Park and sits opposite a large scale residential catchment area . This convenient location is 1.5km* from Western Freeway and associated linkage to the Western Ring Road.

For further information please contact CVA Property Consultants.

* Please refer to tenancy schedule.